Comparing the prime and subprime mortgage markets

Against the backdrop of news reports on high mortgage delinquency rates, this article examines recent trends in mortgage lending and compares the prime and subprime markets in particular.Mortgages

Global banking and national regulation: a conference summary

Although banking across national borders has expanded rapidly, banking regulation remains nationally based. As a result, governments and financial institutions face significant challenges when instability arises. At the Chicago Fed’s International Banking Conference, participants explored cross-border banking issues and ways to improve the current system.Banks and banking, International ; Interstate banking

The Split Window Microwave Radiometer (SWMR) for hurricane wind speed measurement from space

The monitoring of hurricanes demands considerable resources each year by the National Oceanic and Atmospheric Administration. Even with the extensive use of satellite and airborne probing of those storms, there is still much uncertainty involved in predicting landfall for timely evacuation of people subject to the threat. The concept of the Split Window Microwave Radiometer (SWMR) is to add an additional capability of remotely measuring surface winds to hopefully improve prediction capabilities or at least define the severity of the storm while it is far from land. Some of the present science and observational needs are addressed in this report as are remote sensing limitations which impact the design of a minimal system which can be launched into low earth orbit by a low cost launch system. This study has concluded that wind speed and rain rate maps of hurricanes can be generated with an X-Band radiometer system with an antenna whose aperture is 2 m on a side

NASA sea ice and snow validation plan for the Defense Meteorological Satellite Program special sensor microwave/imager

This document addresses the task of developing and executing a plan for validating the algorithm used for initial processing of sea ice data from the Special Sensor Microwave/Imager (SSMI). The document outlines a plan for monitoring the performance of the SSMI, for validating the derived sea ice parameters, and for providing quality data products before distribution to the research community. Because of recent advances in the application of passive microwave remote sensing to snow cover on land, the validation of snow algorithms is also addressed

Spectral evidence for carbonates on Mars: Hydrous carbonates

Although many of the spectral features of the Martian samples studied are not unique mineralogical indicators, much of the current spectral data is consistent with (possibly abundant) hydrous carbonates on the surface of Mars. The absorption features in the measured samples were quite weak compared with those of anhydrous carbonates. The weak features imply that significantly more hydrous carbonates can be incorporated onto the surface before becoming spectrally evident; however, exact limits have yet to be determined. The stability of these materials in the Martian environment is not known, but their formation and occurrence in low temperature terrestrial environments makes them appealing candidates for weathering products on Mars

Optimization by nonhierarchical asynchronous decomposition

Large scale optimization problems are tractable only if they are somehow decomposed. Hierarchical decompositions are inappropriate for some types of problems and do not parallelize well. Sobieszczanski-Sobieski has proposed a nonhierarchical decomposition strategy for nonlinear constrained optimization that is naturally parallel. Despite some successes on engineering problems, the algorithm as originally proposed fails on simple two dimensional quadratic programs. The algorithm is carefully analyzed for quadratic programs, and a number of modifications are suggested to improve its robustness

Effects of Nose Strakes On Transport Aircraft

A low-speed wind tunnel investigation was conducted in the Langley 12-Foot Tunnel on a typical commercial transport configuration to determine the effect of adding nose strakes on the aerodynamic characteristics of the model. The fuselage and wings of the model were scaled versions of the McDonnell-Douglas DC-9 aircraft. A generic tail assembly was employed that was different from that of the DC-9. Three different strake configurations were tested at several inclination angles. One strake configuration was identical to that employed on the DC-9 aircraft. The model was tested through a range of angles of attack and sideslip angles. Tests were made both with and without strakes and also with the vertical tail removed